Retailers must offer value for money, though not necessarily the lowest prices, and dare to be different if they are to survive a deepening economic recession in Britain, according to top industry executives.
South Korea warned Wednesday March 18 that it would respond with decisive action if Pyongyang again blocked access to a joint factory park in North Korea, but said it was too early to consider shutting the project down.
Whilst the rumours concerning the replacement of Kris Van Assche by Gareth Pugh at Dior Homme have been flying around, the ones surrounding the departure of Olivier Theyskens have been officially ended.
Japan's second-largest retailer Aeon Co Ltd is marking down prices of 3,400 national brand items by 20 to 35 percent, extending a discounting wave as top stores chains seek to attract increasingly price-sensitive shoppers.
Women's plus-size apparel retailer Charming Shoppes Inc posted a narrower-than-expected fourth-quarter loss, but said it will eliminate some of its non-core assets, including its Figure Magazine and website shoetrader.
U.S. consumer prices rose in February on higher gasoline and apparel prices, government data showed on Wednesday March 11, calming fears of deflation for now. The Labor Department said its closely watched Consumer Price Index rose 0.
Italian clothing retailer Benetton will cut its dividend by 30 percent to 0.28 euros per share for 2008, it said on March 18th, joining many companies trying to save cash in the current market turmoil.
German luxury fashion designer Jil Sander is teaming up with Japan's no-frills clothing retailer Uniqlo. Sander -- best known for her minimalist creations for executive women -- said she will now oversee men's and women's apparel at Uniqlo.